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1999 (6) TMI 8 - HC - Income TaxExtract: ....... be regarded as constituting a gift of part of the share earlier held by other partners, as the minor in this case had brought capital into the firm. Questions Nos. 1 to 3 referred to us are, therefore, answered in favour of the assessee and against the Revenue. Consequently, question No. 4 does not require consideration and is returned unanswered.
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